<h1>India's Merchandise Exports Hit Record $40 Billion in April 2022, Up 30% from Last Year.</h1> India's merchandise exports reached a record high of over USD 40 billion in April 2022, marking a 30% increase compared to April 2021. Key contributors to this growth included petroleum products, electronic goods, and processed food. Service exports also surged by 53%, contributing to an overall export growth of 39%, totaling USD 67.79 billion. Imports rose by 36.31% to USD 75.87 billion, resulting in a trade deficit of USD 8.08 billion. Non-petroleum and non-gems jewelry exports grew by 19.89%, while imports in this category increased by 34.37%.